Market Update: Equity Research Analyst Ameya Ranadive’s Opinion on the Market

– Equity research analyst Ameya Ranadive from Choice Broking believes that the market has seen a continuous rise for the fourth day in a row. The consistent investment from FII has boosted the market sentiment. Despite the ups and downs throughout the day, Nifty managed to close above the 18600 levels. However, the market trend was not clear during most of today’s trading sessions.
– During this time, Bank Nifty closed above 44400 points, touching an all-time high for two consecutive days. Both benchmark indices may experience slight consolidation or profit booking in the future. Nifty has a support level of 18500-18450, and resistance levels of 18700-18750. On the other hand, Bank Nifty has a support level of 44100 and resistance levels of 44750-44800.

Today, the Indian stock market witnessed a consistent surge for the fourth day in a row. The market sentiment was mainly due to the continuous investment from Foreign Institutional Investors (FII). Equity research analyst Ameya Ranadive from Choice Broking stated that the market trend was not clear during most of today’s trading sessions. Despite the ups and downs throughout the day, Nifty managed to close above the 18600 levels.

Moreover, Bank Nifty touched an all-time high for two consecutive days, closing above 44400 points. Both benchmark indices may experience slight consolidation or profit booking in the future. Nifty has a support level of 18500-18450, and resistance levels of 18700-18750. On the other hand, Bank Nifty has a support level of 44100 and resistance levels of 44750-44800.

Overall, the market trend was not clear during most of today’s trading sessions. However, the continuous investment from FII has boosted the market sentiment. Investors may experience some consolidation or profit booking in the future.

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